LATIN AMERICA ELECTRIC BUS MARKET IS EXPECTED TO EXHIBIT SIGNIFICANT GROWTH OVER 2030

Latin America Electric Bus Market Is Expected To Exhibit Significant Growth Over 2030

Latin America Electric Bus Market Is Expected To Exhibit Significant Growth Over 2030

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Latin America Electric Busmarket is estimated to grow at a considerable CAGR during the forecast period. Latin America Electric Bus Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this Latin America Electric Bus Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.

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In Latin America, Costa Rica had passed a Law 9518 in 2017 to promote and provide incentives for electric transport. In addition, the law grants tax incentives to several modes of transport such as cars, buses, two-wheelers for the public, private and institutional fleets. It established mandates for the state to electrify at least 5% of the bus fleet every two years. The law was followed by the announcement in February 2019 of the “National Decarbonization Plan 2018-2050 that aims to become a fully decarbonized country by 2050. As part of the plan, buses and taxi fleets are expected to become fully electric by 2050. Moreover, between the period of 2018-2019, two important Latin American cities Chile and Colombian had ordered 200 & 64 electric buses from China respectively.

full report of Latin America Electric Bus Market available @ https://www.omrglobal.com/industry-reports/latin-america-electric-bus-market


  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Latin America Electric Bus Market by Bus Type

  • Hybrid Electric Bus

  • Fuel Cell Electric Bus

  • Battery  Electric Bus


North America Electric Bus Market by Battery Type

  • Lithium-ion batteries

  • NiMH Batteries

  • Others


Latin America Electric Bus Market by End-User

  • Government

  • Fleet Owner


Company Profiles

  • BYD co. Ltd.

  • Higer Bus Co. Ltd.

  • Sunwin Bus Corp.

  • Wuzhoulong Motors

  • Xiamen King Long United Automotive Industry, Co. Ltd.

  • Zhengzhou Yutong Bus Co., Ltd.

  • Zhongtong Bus Holding Co., Ltd.


The Report Covers

  • Comprehensive research methodology of the Latin America Electric Bus market.

  • This report also includes a detailed and extensive market overview with key analyst insights.

  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

  • Analysis of regional regulations and other government policies impacting the Latin America Electric Bus market.

  • Insights about market determinants which are stimulating the Latin America Electric Bus market.

  • Detailed and extensive market segments with regional distribution of forecasted revenues.

  • Extensive profiles and recent developments of market players.


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